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Newsletter commentary Feb 2022
The market was generally not volatile in February. SSEDI rose by 3% YTD with Coal sector substantially outperformed, up more than 10%. The PV industry rebounded in this period.
2022 - 03 - 01 -
Newsletter commentary Jan 2022
Our portfolio at the end of last year highlighted reasonable valuations and a visible long-term outlook. We suffered from a drawback, but after re-assessment, we believe that the portfolio is still solid. Some companies are gradually showing progress and their attractiveness is increasing.
2022 - 02 - 10 -
Newsletter commentary Dec 2021
2021 has passed. The environment has had a significant impact on investment, which we discussed a lot in the recent investor meetings and in articles posted on our public account. In this commentary, we would like to have a review on the market in 2021 as well as an outlook on our focuses in 2022.
2022 - 01 - 01 -
Newsletter commentary Nov 2021
The market was not quite volatile in November. CSI 500 rose by 3.3% while CSI 300 dropped by 1.6%. Investors traded on a weak economy and on a pandemic that seemed hard to be curbed in the short run. Energy, banks and consumer services underperformed. Outperformers were national defense, meta universe as well as “the professional, the special, the proficient and the new”.
2021 - 12 - 01 -
Newsletter commentary Oct 2021
In October, though market volatility seemed low in general, the internal differentiation was dramatic.
2021 - 11 - 01 -
Newsletter commentary Sep 2021
In September, the market surged and plummeted, resulting in a slight difference between the beginning indices and the ending ones. The substantial increase of upstream raw material prices was not passed along to the downstream product prices, forming a sharp contrast.
2021 - 10 - 01 -
Newsletter commentary Aug 2021
The market was split in August. The CSI 300 Index was nearly flat, the ChiNext dropped by 6.6%, whereas CSI 500 and CSI 1000 rose by 6-7%. Sectors such as non-ferrous metal, iron and steel, coal and chemicals surged by approximately 20% in August; while chips, pharmaceutical and food & beverage fell sharply. The market turnover was continuously above one trillion RMB.
2021 - 09 - 01 -
Newsletter commentary July 2021
The market fluctuated downward in July, falling sharply in the last few days of the month.
2021 - 08 - 05
